Is citibank a good mortgage lender?

Question

Has anyone had problems getting a home loan through citibank?

Answer 1

I had them for 5 years and was late one time on my payment because i forgot.15 days later I get a nasty not that they are going to foreclose.THIS HAPPENS TO ALL WHO ARE LATE.Yes they are a good company.Just be on time and do not max your credit out.

Answer 2

Citibank is one of the largest banks in the country, and they do have leverage, but all mortgage companies offer pretty much the same products, its going to all come down to service. Some large companies give less personal attention to mid size companies. bogged down in red tape.
Don't get caught up in a name, find that loan officer that will give you his or her personal attention, then I think you Will be happy if its with Citibank or some other mortgage lender.

Answer 3

Citibank is no better or worse than any other lender. You are engaging in a contract with a firm which will forward you money under a contract with your agreement to repay with interest at specified periods.

Various lenders use differing criteria for approving loans. Once you are approved and have the money, you will have no problems as long as you honor your end of the contract.

Answer 4

They can be but like any mortgage lender shop around for best deal before settling with a mortgage company.

Answer 5

Check mylenderscore.com, it gives the approval rate of each national mortgage lender at county level.
So, go there, enter your county and see how citimortgage compares to other lenders in your area. This is a free information.

Hope that helps.

Answer 6

I think my mom's mortgage is from Citibank and her credit is horrible. It's an adjustable rate mortgage and she's trying to get it refinanced to a fixed rate. Please shop around.

Answer 7

No.

http://www.google.com/search?sourceid=navclient&aq=t&ie=UTF-8&&q=citibank+problems

Answer 8

Yeah it's possible